Q3 2021 | MARKET REPORT
70 WINDWARD LANE OFFERED AT $11,900,000
page 2
TABLE OF CONTENTS
STATE OF THE MARKET SUMMARY
NOTABLE Q3 SALES
LUXURY LISTINGS
pages 4-5
pages 6-13
pages 14-21
30A MARKET STATS Inlet Beach | Rosemary Beach | Alys Beach Seacrest | Watersound | Seagrove | Seaside WaterColor | Grayton Beach | Blue Mountain | Dune Allen pages 23-33
DESTIN MARKET STATS
MIRAMAR BEACH & SANDESTIN MARKET STATS
PANAMA CITY BEACH MARKET STATS
pages 34-35
pages 36-37
pages 38-39
OVERALL MARKET STATS DETACHED SINGLE FAMILY HOMES
OVERALL MARKET STATS CONDOMINIUMS
page 40
page 41
page 3
STATE OF THE MARKET
As we close out Quarter 3 for 2021, there has been a notable i compared to this time last year. Inventory remains at a record lo continues to show record sales prices for several neighborhood Mountain. The condominium market along the Emerald Coast h to sales ratio. Properties continue to sell for higher than list pric push for more inventory to drive an increase in number of sales
page 4
increase in the average price per square foot of over $100 ow, driving sales prices to continue to increase. Quarter 3 ds along 30A including Alys Beach, Rosemary and Blue has seen a significant increase in sales with a 99% list price ce with minimal days on the market. To finish 2021 strong, the s for the area continues.
page 5
NOTABLE Q3 SALES
page 6
106 CAMP CREEK POINT SOLD FOR $7,195,000 IN CAMP CREEK POINT
page 7
page 8
10 SEA FOAM ALLEY SOLD FOR $8,500,000 IN ALYS BEACH page 9
94 EMERALD COVE LANE SOLD FOR $4,000,000 IN INLET BEACH
page 10
page 11
page 12
146 SILVER LAUREL WAY SOLD FOR $3,800,000 IN WATERCOLOR
page 13
LUXURY LISTINGS
page 14
288 WALTON ROSE LANE OFFERED AT $4,995,000 IN INLET BEACH
page 15
page 16
35 HINTON DRIVE OFFERED AT $8,800,000 IN SEAGROVE
page 17
131 PARADISE BY THE SEA BLVD OFFERED AT $12,990,000 IN PARADISE BY THE SEA
page 18
page 19
page 20
429 S. BRIDGE LANE UNIT 431A OFFERED AT $2,579,000 IN WATERSOUND BEACH
page 21
Q3 2021 MARKET STATS
page 22
INLET BEACH DETACHED SINGLE FAMILY HOMES UP 12% NUMBER OF SALES 26 Q3 2020
29 Q3 2021
AVERAGE PRICE PER SQ. FT. $541 Q3 2020
DOWN 86% AVERAGE DAYS ON MARKET 225 Q3 2020
31 Q3 2021
$510 Q3 2021
AVERAGE SALES PRICE $1,640,107 Q3 2020
$1,350,302 Q3 2021
UP 4% LIST PRICE TO SALES PRICE RATIO 94% Q3 2020
98% Q3 2021 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 26 Q3 2020
4 Q3 2021
UP 48%
UP 68%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$819 Q3 2020
AVERAGE DAYS ON MARKET 168 Q3 2020 page 24
171 Q3 2021
$1,213 Q3 2021
$2,612,904 Q3 2020
UP 2% LIST PRICE TO SALES PRICE RATIO 94% Q3 2020
96% Q3 2021
$4,398,750 Q3 2021
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 21 Q3 2020
10 Q3 2021
UP 31%
UP 48%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,085 Q3 2020
DOWN 88% AVERAGE DAYS ON MARKET 60 Q3 2020
7 Q3 2021
$1,424 Q3 2021
$3,682,911 Q3 2020
$5,467,502 Q3 2021
UP 2% LIST PRICE TO SALES PRICE RATIO 97% Q3 2020
99% Q3 2021 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 74 Q3 2020
40 Q3 2021
UP 46%
UP 13%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$470 Q3 2020
DOWN 78% AVERAGE DAYS ON MARKET 148 Q3 2020 page 26
33 Q3 2021
$688 Q3 2021
$1,510,696 Q3 2020
UP 3% LIST PRICE TO SALES PRICE RATIO 94% Q3 2020
97% Q3 2021
$1,701,050 Q3 2021
WATERSOUND BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 31 Q3 2020
8 Q3 2021
UP 62%
UP 62%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$684 Q3 2020
DOWN 97% AVERAGE DAYS ON MARKET 144 Q3 2020
5 Q3 2021
$1,105 Q3 2021
$2,409,025 Q3 2020
$3,910,375 Q3 2021
UP 4% LIST PRICE TO SALES PRICE RATIO 94% Q3 2020
98% Q3 2021 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES UP 93%
UP 23%
UP 17%
NUMBER OF SALES
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
29 Q3 2020
56 Q3 2021
$571 Q3 2020
DOWN 80% AVERAGE DAYS ON MARKET 173 Q3 2020 page 28
34 Q3 2021
$702 Q3 2021
$1,618,031 Q3 2020
UP 5% LIST PRICE TO SALES PRICE RATIO 92% Q3 2020
97% Q3 2021
$1,900,153 Q3 2021
SEASIDE DETACHED SINGLE FAMILY HOMES UP 38% NUMBER OF SALES 13 Q3 2020
1 Q3 2021
AVERAGE PRICE PER SQ. FT. $1,213 Q3 2020
DOWN 100% AVERAGE DAYS ON MARKET 70 Q3 2020
0 Q3 2021
$819 Q3 2021
AVERAGE SALES PRICE $2,360,538 Q3 2020
$3,267,000 Q3 2021
UP 3% LIST PRICE TO SALES PRICE RATIO 96% Q3 2020
99% Q3 2021 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 57 Q3 2020
29 Q3 2021
UP 43%
UP 40%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$633 Q3 2020
DOWN 76% AVERAGE DAYS ON MARKET 110 Q3 2020 page 30
26 Q3 2021
$905 Q3 2021
$2,136,100 Q3 2020
LIST PRICE TO SALES PRICE RATIO 97% Q3 2020
97% Q3 2021
$2,983,828 Q3 2021
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 20 Q3 2020
12 Q3 2021
UP 10%
UP 10%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$608 Q3 2020
DOWN 82% AVERAGE DAYS ON MARKET 187 Q3 2020
33 Q3 2021
$668 Q3 2021
$1,530,520 Q3 2020
$1,678,125 Q3 2021
UP 2% LIST PRICE TO SALES PRICE RATIO 96% Q3 2020
98% Q3 2021 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 108 Q3 2020
81 Q3 2021
UP 58%
UP 44%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$348 Q3 2020
DOWN 81% AVERAGE DAYS ON MARKET 115 Q3 2020 page 32
22 Q3 2021
$549 Q3 2021
$919,145 Q3 2020
UP 2% LIST PRICE TO SALES PRICE RATIO 96% Q3 2020
98% Q3 2021
$1,319,418 Q3 2021
DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 67 Q3 2020
41 Q3 2021
UP 54%
UP 55%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$329 Q3 2020
DOWN 80% AVERAGE DAYS ON MARKET 143 Q3 2020
28 Q3 2021
$508 Q3 2021
$808,371 Q3 2020
$1,250,868 Q3 2021
LIST PRICE TO SALES PRICE RATIO 99% Q3 2020
98% Q3 2021 page 33
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 190 Q3 2020
160 Q3 2021
UP 29%
UP 19%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$293 Q3 2020
DOWN 71% AVERAGE DAYS ON MARKET 115 Q3 2020 page 34
33 Q3 2021
$378 Q3 2021
$883,249 Q3 2020
UP 2% LIST PRICE TO SALES PRICE RATIO 95% Q3 2020
97% Q3 2021
$1,046,674 Q3 2021
CONDOMINIUMS NUMBER OF SALES 264 Q3 2020
177 Q3 2021
UP 39%
UP 45%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$308 Q3 2020
DOWN 46% AVERAGE DAYS ON MARKET 121 Q3 2020
65 Q3 2021
$428 Q3 2021
$419,110 Q3 2020
$605,783 Q3 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 96% Q3 2020
97% Q3 2021 page 35
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 178 Q3 2020
133 Q3 2021
UP 29%
UP 24%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$333 Q3 2020
DOWN 57% AVERAGE DAYS ON MARKET 70 Q3 2020 page 36
30 Q3 2021
$431 Q3 2021
$952,445 Q3 2020
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q3 2020
98% Q3 2021
$1,180,968 Q3 2021
CONDOMINIUMS NUMBER OF SALES 316 Q3 2020
233 Q3 2021
UP 33%
UP 8%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$281 Q3 2020
DOWN 64% AVERAGE DAYS ON MARKET 81 Q3 2020
29 Q3 2021
$375 Q3 2021
$377,042 Q3 2020
$408,656 Q3 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q3 2020
98% Q3 2021 page 37
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 98 Q3 2020
77 Q3 2021
UP 34%
UP 48%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$278 Q3 2020
DOWN 49% AVERAGE DAYS ON MARKET 88 Q3 2020 page 38
45 Q3 2021
$373 Q3 2021
$652,838 Q3 2020
UP 3% LIST PRICE TO SALES PRICE RATIO 95% Q3 2020
98% Q3 2021
$963,890 Q3 2021
CONDOMINIUMS UP 34%
UP 48%
UP 43%
NUMBER OF SALES
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
166 Q3 2020
223 Q3 2021
$264 Q3 2020
AVERAGE DAYS ON MARKET 92 Q3 2020
111 Q3 2021
$392 Q3 2021
$320,012 Q3 2020
$458,270 Q3 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 98% Q3 2020
99% Q3 2021 page 39
OVERALL Q3 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 938 Q3 2020
681 Q3 2021
UP 25%
UP 37%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$586 Q3 2020
DOWN 73% AVERAGE DAYS ON MARKET 130 Q3 2020 page 40
36 Q3 2021
$734 Q3 2021
$1,694,063 Q3 2020
UP 2% LIST PRICE TO SALES PRICE RATIO 95% Q3 2020
98% Q3 2021
$2,315,636 Q3 2021
OVERALL Q3 MARKET STATS CONDOS NUMBER OF SALES 746 Q3 2020
633 Q3 2021
UP 40% AVERAGE PRICE PER SQ. FT. $284 Q3 2020
$398 Q3 2021
UP 32% AVERAGE SALES PRICE $372,055 Q3 2020
$490,903 Q3 2021
DOWN 30% AVERAGE DAYS ON MARKET 98 Q3 2020
68 Q3 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q3 2020
98% Q3 2021 page 41